Business Growth Strategies – If at first you don’t succeed – learning from business failure

As business owners there are many opportunities to learn from others, whether it be from successes or  failures, and in the dot com age there have been

Max Delivery a case study for business growth strategies

Max Delivery a case study for business growth strategies

many failures to learn from.  Kozmo was a high flying company that had grand dreams of   delivery of nearly any product you could want, sent to your home in one hour or less, the result, no delivery charge and small orders meant millions of dollars lost by growing the business too quickly and then unable to change the pricing structure. Chris Siragusa who was the former Kozmo Chief Technology Officer still held onto the dream and has now built up MaxDelivery.com and is succeeding in the same market that Kozmo failed, with a major difference. Chris is building his model with less speed and haste. This  is where the business growth strategies between the two companies has varied, calculated and steady (Max) or fast and uncontrolled (Kozmo).

 

 Business Growth Strategies – If at first you don’t succeed – learning from business failure [Read more...]

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Don’t let it get you down, learn from mistakes made in business

Great entrepreneurs are good at failing. That’s what caught my attention in an article by Rhonda Abrams in USA today. Don’t let it get you down, learn from mistakes made in business. After all we all make them!  And that is what I call success, taking those failures, turning them around and applying those lessons to move forward. Rhonda covers Fail Forward, Fail Fast, Fail Smart, Fail  Cheap, Fail with Integrity.

To read Rhonda’s post  in full click:

http://www.usatoday.com/money/smallbusiness/columnist/abrams/story/2012-04-19/small-business-know-smart-way-to-fail/54420610/1

 

Don’t let it get you down, learn from mistakes made in business

In fact you nearly have permission to make mistakes.

I found this great video from life & business coach Jeff Klubeck, giving a practical example on how  learn from mistakes  made in business and life.  He talks of a mistake ROI (Return on Investment), changing your mindset and using failures as life lessons. This has been quite a revelation to me as it’s so easy to get down in the dumps with a ‘poor me’ attitude rather than, ok, I made a mistake, what can I learn from this in order not to do it again. I hope this has a similar affect on you.

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